Yogi cabinet decides to waive-off farmer loans worth over Rs 30,000 crore

The waiver of farmer loans was one of the many promises made by the BJP during its election campaign.

Uttar Pradesh Chief Minister Yogi Adityanath-led Cabinet on Tuesday waived off farmer loans worth Rs 30,729 crores. The decision was taken at a Cabinet meeting in Lucknow on Tuesday.

"We have waived off farmer loans worth Rs 30,729 crores," UP minister Siddharth Nath Singh said at a media briefing after the cabinet meeting.

Earlier, a list of 1.5 crore loans availed by the farmers was finalised and sent to the Chief Minister for approval.

The waiver of farmer loans was one of the many promises made by the BJP during its election campaign. The Bharatiya Janata Party had promised to waive of loans of small and marginal farmers.

Minister for Agriculture Surya Pratap Shahi had earlier told media persons that the list was prepared immediately after the government was formed.

He said his department was also setting up wheat purchase centres to meet the target of purchasing 80 lakh metric tonnes of wheat from farmers.

OneIndia News